Replies to post #699 on Largo Inc (LGO)

[nowwhat2]

Or wait - For I see now what they've done.....
Why they've simply purchased intellectual property !.......
For, evidently, approximately about 3.9 million - U.S. (which MIGHT NOT BE all that much ?)..........I dunno.

But.....(paid for in the form of shares) so......Their (already rather-high) mkt cap just on keeps increasing ?

The Assets were acquired for deemed net consideration equal to US$3,862,000 that was satisfied through the issuance of 2,518,453 common shares of Largo (at a deemed price per common shares of CAD$1.035, being the 5-day VWAP prior to the execution of the Purchase Agreement) and 3,622,007 share purchase warrants of Largo, which have an exercise price of CAD$1.30 and a term of five years.

That prolly brings 'em up to about 710 mil. Canadian !
Or, in other words still (well) under a billion mkt cap for a company which COULD win an admirable chunk of the battery-storage market.








Let's carefully watch this stock.